3 Tech Stocks Ready for Post-Earnings Growth

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By: Aquib Nawab


Numerous tech companies have been reporting impressive revenue figures. For example, Nvidia (NASDAQ:NVDA) is already an industry leader, and other tech stocks are slowly but steadily expanding their market share and could report impressive numbers in the coming weeks.


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Advanced Micro Devices (AMD) is emerging as a formidable competitor to Nvidia. In the fourth quarter, AMD's results surpassed expectations, with revenue increasing by 10% YoY to reach $6.2 billion. Net income also exhibited substantial growth, rising to $667 million from $21 million YoY.

1 - Advanced Micro Devices (AMD)

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AMD's Data Center Segment

he data center segment of AMD experienced a remarkable 38% YoY growth in the fourth quarter, indicating a positive reception to their new products.

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AMD has the potential to double its stock value in the upcoming months, garnering interest from tech giants like Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META).

AMD's Potential

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Oracle (NYSE:ORCL) is a tech giant renowned for its database software and AI capabilities. Oracle saw a substantial 52% revenue increase in cloud infrastructure, totaling $1.6 billion in the third quarter.

2 - Oracle (ORCL)

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Oracle's Future in the Cloud

The future success of Oracle lies in the cloud, with strategic partnerships like Microsoft Azure, where it is ramping up data centers and building new ones.

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Oracle is considered a reliable investment due to its dependable revenue growth stemming from its cloud infrastructure services. Stock is up by 8% year to date which boasts a modest dividend yield of 1.40%.

Oracle's Reliability

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Amazon (NASDAQ:AMZN) is globally recognized as an e-commerce giant, but it has evolved into a technology powerhouse. AWS stands as the largest cloud services company globally, contributing significantly to Amazon's portfolio.

3 - Amazon (AMZN)

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Amazon's Positive Signs

Positive signs of growth are apparent, driven by events like Prime Day, holiday shopping, and an increase in advertising revenue. In the third quarter, AWS revenue witnessed a 12% YoY increase to reach $23.1 billion.

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Amazon is positioned for a stellar year in 2024, with the expectation of continued growth, particularly in AWS. The total operating income in the quarter was $11.2 billion, out of which $7 billion was from AWS. The stock is up by 52% in the year and is close to the 52-week high of $161.

Amazon's Future

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